Please solve me the following problem: Please draw me the graph as well. Austral
ID: 1093271 • Letter: P
Question
Please solve me the following problem:
Please draw me the graph as well. Australia is a major supplier of rice to the global market. A prolonged drought in Australia has reduced the harvest of rice considerably. Part 1: Use one of the line drawing tools to show how this drought in Australia would impact the demand for rice, the supply for rice, or both. Label the new curve(s) D2 and/or S2. Part2: Use the double drop line tool to show the new equilibrium price and quantity in the global market for rice. Label this point E2.Explanation / Answer
An attempt should be made to approximate the magnitude of the value of losses before time is spent on trying to reduce them. If this value proves to be low, expenditure of appreciable resources on reducing losses may not be justified.[4] However, despite efforts over the years to develop acceptable techniques for measuring grain losses, this remains an imperfect science. A particular problem with measurement is that grain does not follow a uniform sequence from producer to consumer. Harvested grain can be specially dried and treated for a family's consumption or for use as seed. Some of any harvest may be held for short-term storage, some more for long-term storage, and the rest may be sold either in one go or over a period of time, through a variety of different marketing channels.[5] There are particular difficulties associated with accurately measuring on-farm storage losses over a long period when farmers are continually removing grain from stores to meet their own consumption needs. Further, the surplus generated by a farmer at any one harvest will dictate the quantity stored and the quantity sold, which, in turn, may influence loss levels. Given the lack of a consistent chain, care must be taken to avoid generalizing from particular measurements. "Inordinately high- and low-loss situations must be put into perspective rather than giving them overemphasis as has been the case in some instances."[6]
The origin and justification of grain-loss estimates has thus never been particularly well- founded and attempts to measure losses suffer from the fact that it is an extremely complex and costly exercise to do well. To get round this problem the African Postharvest Losses Information System (APHLIS),[7] was established in 2009. APHLIS generates weight loss data using an algorithm that refers to a postharvest loss profile (PLP) that is specific to the cereal crop, climate and scale of farming (smallholder or large scale) in question. The PLP is a set of loss figures, one for each link in the postharvest chain. Each PLP figure is the average of all those data available in the scientific literature for a particular crop (which include both quantitative weight loss figures and